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Largest Valley retail centers.


EXECUTIVE SUMMARY

THE top six retail centers in the greater San Fernando Valley San Fernando Valley

Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills.
 area all have over 1 million square feet of gross leasable area Gross leasable area (GLA) in the retail development industry is a term applied to shopping malls, lifestyle centers, outlet malls and other retail centers to indicate the amount of floor space available to be rented.  with the top three centers housing over 200 stores. Most of the malls on the Business Journal's list saw little change from 2005, however, the Glendale Galleria The Glendale Galleria is a large 3 story regional shopping mall located in Glendale, Los Angeles County, California. It is the second largest mall in Los Angeles County. It is located in Downtown Glendale. , in the No. 3 spot on this year's list added 20 stores and increased its size by more than 150,000 square feet in the past year.

Last year's No. 1 shopping destination, Northridge Fashion Center Northridge Fashion Center is a large shopping mall located in Northridge, California. It opened in 1971. It was severely damaged during the Northridge Earthquake in 1994, but renovated extensively in 1995 and 1998. , also increased its tally of stores from 170 to 200, but placed second on this year's list due to the extensive expansion of Westfield Topanga Westfield Topanga, formerly known as the Westfield Shoppingtown Topanga and more commonly known to locals as the Topanga Mall or Topanga Plaza, is a two-story shopping mall consisting of 230 tenants spread across three sections.  with 1.6 million square feet of retail space.

Australian-based Westfield Group The Westfield Group is a multinational company that owns shopping centres in Australia, New Zealand, the United Kingdom, and the United States. Westfield shopping centres are typically branded with the name Westfield or Westfield Shoppingtown in their name. , whose U.S. operations are based in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , owns four centers on the list that together account for nearly 4 million square feet of retail space in the greater San Fernando Valley.

The other retail centers ranking highest in gross leasable area were Burbank Burbank, city (1990 pop. 93,643), Los Angeles co., S Calif.; inc. 1911. Tourism and the entertainment industry are central to its economy; several motion-picture studios and television headquarters are here. Burbank's aerospace industry collapsed with the end of the Cold War.  Town Center in the No. 4 spot with over 1.2 million square feet, The Oaks at No. 5 with nearly 1.1 mllion square feet and Fallbrook Center in West Hills came in at No. 6 with 1 million square feet of retail space.

Simi Valley Town Center Simi Valley Town Center is a shopping center located in Simi Valley, California. The mall opened in 2005 with Macy's and Robinsons-May as anchor stores. The Robinsons-May store was converted into a Macy's Men and Home Store on September 9, 2006.  which opened in 2005 holds steady in its first year of business retaining its original number of 120 stores.

The number of shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into  stores on the list range from 31 to 270 stores with several locations anchored by movie theater complexes.

THE PACESETTER

WESTFIELD TOPANGA

THE largest retail shopping center in the greater San Fernando Valley is the newly expanded Westfield Topanga in Canoga Park with 1.6 million square feet.

In an effort to change the Valley's retail landscape, Westfield Westfield.

1 City (1990 pop. 38,372), Hampden co., SW Mass., a residential and industrial suburb of Springfield, on the Westfield River; settled c.1660, inc. as a city 1920. Bicycles, machinery, and paper and metal products are made.
 invested over $330 million to redevelop re·de·vel·op  
v. re·de·vel·oped, re·de·vel·op·ing, re·de·vel·ops

v.tr.
1. To develop (something) again.

2.
 the shopping mall shopping mall
 or shopping centre

Collection of independent retail stores, services, and parking areas constructed and maintained by a management firm as a unit. It is a 20th-century adaptation of the historical marketplace. In the U.S.
. When completed, the renovated center will add more than 140 stores, including a new three-level Nordstrom Nordstrom, Inc. (NYSE: JWN) is an upscale department store chain in the United States which was initially a shoe retailer, the company today also sells clothing, accessories, handbags, jewelry, cosmetics, fragrance, and home furnishings.  and a new two-story Target. Among the additional shops and boutiques added to the mall mall: see shopping center.

(World-Wide Web) mall - A collection of World-Wide Web documents featuring commercial products and services, usually served by one particualr Internet access provider.
 directory will be 66 retailers making their debut in the Valley.

The centerpiece of the redeveloped center is a new 30,000 square foot skylight skylight

Roof opening covered with translucent or transparent glass or plastic designed to admit daylight. Skylights have found wide application admitting steady, even light in industrial, commercial, and residential buildings, especially those with a northern orientation.
 and atrium atrium (ā`trēəm), term for an interior court in Roman domestic architecture and also for a type of entrance court in early Christian churches. The Roman atrium was an unroofed or partially roofed area with rooms opening from it. , as well as a new cafe-style dining terrace terrace, a level field built on top of a hillslope into the floor of a deep valley to improve cultivation of crops. Terracing uses the runoff from the hill to increase soil retentiveness and arability and is often part of a larger irrigation system that includes  with seating for 800.

Westfield Topanga is hoping to enhance the mall experience by stepping forward and offering innovative technology to make shopping easier and more enjoyable. Shoppers will benefit from new parking systems and plasma screens with the latest weather, sports scores and traffic information.

A new Neiman Marcus Neiman Marcus

U.S. department-store chain. It was founded in Dallas, Texas, in 1907 by Herbert Marcus, his sister Carrie Marcus Neiman, and her husband, A.L. Neiman.
, the sixth location in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , is slated to open at Westfield Topanga in 2008.

The renovation provided over 1,500 construction jobs and over 3,000 retail jobs in the completed center and is projected to bring in over $605 million in annual sales.
LARGEST VALLEY RETAIL CENTERS

Ranked by gross leasable area

Rank    Retail Center                             Size
        * address                         * gross leasable area
        * city/ZIP                            (square feet)
                                           * number of stores

   1    Westfield Topanga                     1,600,000 (1)
        6600 Topanga Blvd.                         250
        Canoga Park 91303
   2    Northridge Fashion Center               1,500,000
        9301 Tampa Ave.                            200
        Northridge 91324
   3    Glendale Galleria                       1,475,675
        2148 Glendale Galleria                     270
        Glendale 91210
   4    Burbank Town Center                     1,240,673
        201 E. Magnolia Blvd.                      105
        Burbank 91501
   5    The Oaks                                1,086,222
        222 West Hillcrest Drive                   130
        Thousand Oaks 91360
   6    Fallbrook Center                        1,000,000
        6633 Fallbrook Ave.                        42
        West Hills 91307
   7    Antelope Valley Mall                     940,000
        1233 Rancho Vista Blvd                     153
        Palmdale 93551
   8    Westfield Valencia Town Center           860,500
        24201 W. Valencia Blvd.                    201
        Valencia 91355
   9    Westfield Fashion Square                 843,200
        14006 Riverside Drive                      120
        Sherman Oaks 91423
  10    Burbank Empire Center                    617,000
        1800 Empire Ave                            38
        Burbank 91504
  11    Westfield Promenade                      614,500
        6100 Topanga Canyon Blvd.                  65
        Woodland Hills 91367
  12    Simi Valley Town Center                  600,000
        1555 Simi Town Center Way                  120
        Simi Valley 93065
  13    Camarillo Premium Outlets                454,600
        740 E. Ventura Blvd.                       120
        Camarillo 93010
  14    Panorama Mall                            324,959
        8401 Van Nuys Blvd.                        67
        Panorama City 91402
  15    Promenade at Westlake                    210,000
        140 Promenade Way                          31
        Thousand Oaks 91362
  16    Calabasas Commons                        198,388
        4799 Commons Way                           38
        Calabasas 91302

Rank          Income                          Anchors
        * average household
              income

   1          $95,580                Nordstrom, Macy's, Sears
   2          72,927                     JCPenney, Macy's,
                                      Pacific Theaters, Sears
   3          67,875                     JCPenney, Macy's,
                                      Mervyn's, Nordstrom (4)
   4          61,139               Ikea, Macy's, Mervyn's, Sears
   5          64,816                     Macy's, JCPenney
   6          83,003                  Mervyn's, Sport Chalet,
                                          Target, K-Mart
   7          70,625             Dillard's, Gottschalks, JCPenney,
                                          Mervyn's, Sears
   8          86,879                  JCPenney, Sears, Macy's
   9          92,276                  Bloomingdale's, Macy's
  10          60,776                 Target, Lowe's, Staples,
                                             Best Buy
  11          95,580                  Macy's, Barnes & Noble,
                                           AMC Theatres
  12          105,000                         Macy's
  13        70,806 (2)         Off 5th-Saks Fifth Ave, Calvin Klein,
                                     Barney's New York Outlet
  14          61,890                   La Curacao, Wal-Mart
  15        93,975 (2)             Mann Theatres, Bristol Farms
  16        117,080 (2)               Edwards Cinemas, Ralphs

Rank        Profile                 Web Site
         * year opened
        * parking spaces

   1          1964             www.westfield.com
             6,100
   2          1971               www.northridge
             6,963             fashioncenter.com
   3          1976          www.glendalegalleria.com
             6,214
   4          1991          www.mediacitycenter.com
             5,720
   5          1978          www.shoptheoaksmall.com
             4,500
   6          1966           www.generalgrowth.com
             5,266
   7          1990              www.av-mall.com
             5,500
   8          1992             www.westfield.com
             5,822
   9          1962             www.westfield.com
             4,035
  10          2001          www.donahueschriber.com
             2,801
  11          1971             www.westfield.com
             2,662
  12          2005            www.simivalleytc.com
             2,800
  13          1995           www.premiumoutlets.com
              WND
  14          1980            www.panoramamall.com
             1,469
  15          1996           www.shoppromenade.com
             1,206
  16          1998            www.shopcommons.com
             1,068

Rank    Owner/Developer
        * headquarters
        * mall phone

   1    Westfield Group
        Los Angeles (3)
        (818) 594-8732
   2    General Growth Properties
        Chicago
        (818) 885-9700
   3    General Growth Properties
        Chicago
        (818) 246-6737
   4    General Growth Properties
        Chicago
        (818) 566-8556
   5    Macerich Co.
        Santa Monica
        (805) 495-4628
   6    General Growth Properties
        Chicago
        (818) 885-9700
   7    Forest City Enterprises Inc.
        Cleveland
        (661) 266-9422
   8    Westfield Group
        Los Angeles (6)
        (661) 254-0213
   9    Westfield Group
        Los Angeles (6)
        (818) 783-0550
  10    Donahue Schriber
        Costa Mesa
        (714) 966-6425
  11    Westfield Group
        Los Angeles (6)
        (818) 594-8732
  12    Forest City Enterprises Inc.
        Cleveland
        (805) 581-7155
  13    Chelsea Property Group
        Roseland, N.J.
        (805) 445-8520
  14    Macerich Co.
        Santa Monica
        (818) 894-9258
  15    Caruso Management Co.
        Calabasas
        (818) 222-3444
  16    Caruso Management Co.
        Calabasas
        (818) 222-3444

(1) Effective beginning October 2006

(2) From Allied data based on zip codes.

(3) U.S Headquarters, headquarters is located in Australia

(4) Target opening mid-2007.

Notes: Information for this list provided by the representatives and
websites of the owners/developers, the Los Angeles Business Journal and
Allied Van Lines City Profiles. Retail centers are ranked by total
gross leasable square footage.

To the best of our knowledge, this information is accurate as of press
time. While every effort is made to ensure the accuracy and
thoroughness of the list, omissions and typographical errors sometimes
occur. Please send corrections or additions on company letterhead to
the Research Department, San Fernando Valley Business Journal, 21600
Oxnard St., Suite 250, Woodland Hills 91367. [c] 2006 San Fernando
Valley Business Journal. This list may not be reprinted in whole or in
part without prior written permission from the editor. Reprints are
available from Wright's Reprints, (877) 652-5295 ext. 104 or e-mail
jmartin@wrightsreprints.com.

Researched by Barbara Sheppard
COPYRIGHT 2006 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Author:Sheppard, Barbara
Publication:San Fernando Valley Business Journal
Date:Sep 11, 2006
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